Common use of Overriding Royalty Interests Clause in Contracts

Overriding Royalty Interests. To the extent that (x) new Properties, additional interests in existing Properties, or new classifications of Properties are considered in a redetermination of the Collateral Value, (y) the Designee have not already received an Assignment pertaining thereto and (z) pursuant to Section 3.5(a), the Designee is entitled to receive an Overriding Royalty Interest, the Designee shall have received Assignment and Conveyance of Overriding Royalty Interests and Certificate as to Overriding Royalty Interests with respect to such Properties duly executed by the Borrower and the Borrower’s Subsidiaries, together with (a) evidence of the completion (or satisfactory arrangements for the completion) of all recordings and filings of the Assignment as may be necessary or desirable to vest title to the Overriding Royalty Interest described therein; and (b) such title opinions or other assurances of title with respect to the overriding royalties which are the subject of the Assignment as the Administrative Agent may require.

Overriding Royalty Interests. To the extent that (x) certain new Properties, additional interests in existing Properties, Properties (or new classifications of Properties Properties) are considered by the Lender in a redetermination of the Borrowing Base and the Collateral Value, (y) the Designee have has not already received an Assignment pertaining thereto and (z) pursuant to Section 3.5(a)the Confidential Fee Letter, the Designee is entitled to receive an Overriding Royalty Interestoverriding royalty interest, the Designee shall have received an Assignment and Conveyance of Overriding Royalty Interests and a Certificate as to Overriding Royalty Interests with respect to such Properties duly executed by the Borrower and the Borrower’s 's Subsidiaries, together with (a) evidence of the completion (or satisfactory arrangements for the completion) of all recordings and filings of the Assignment as may be necessary or desirable to vest title to the Overriding Royalty Interest described therein; and (b) such title opinions or other assurances of title with respect to the overriding royalties which are the subject of the Assignment as the Administrative Agent Lender may reasonably require.

Overriding Royalty Interests. To the extent that (x) certain new Properties, additional interests in existing Properties, Properties (or new classifications of Properties Properties) are considered by the Lender in a redetermination of the Borrowing Base and the Collateral Value, (y) the Designee have has not already received an Assignment pertaining thereto and (z) pursuant to Section 3.5(aSECTION 3.5(a)(i) OR (ii), the Designee is entitled to receive an Overriding Royalty Interestoverriding royalty interest, the Designee shall have received an Assignment and Conveyance of Overriding Royalty Interests and a Certificate as to Overriding Royalty Interests with respect to such Properties duly executed by the Borrower and the Borrower’s 's Subsidiaries, together with (a) evidence of the completion (or satisfactory arrangements for the completion) of all recordings and filings of the Assignment as may be necessary or desirable to vest title to the Overriding Royalty Interest described therein; and (b) such title opinions or other assurances of title with respect to the overriding royalties which are the subject of the Assignment as the Administrative Agent Lender may reasonably require.